Convergence of MSME Schemes by NITI Aayog
NITI Aayog has put forth a proposal for the convergence of similar schemes across different ministries aimed at supporting micro, small, and medium enterprises (MSMEs). This initiative seeks to enhance implementation efficiency and effectiveness within the sector.
Key Proposals and Findings
- Need for Convergence: The report titled Achieving Efficiencies in MSME Sector through Convergence of Schemes highlights the need for a well-coordinated governance structure to address overlapping objectives and fragmented implementation.
- Collaborative Approach: Enhancing scheme impact and beneficiary mobilization through workshops, joint training sessions, and targeted outreach.
Specific Convergence Suggestions
- Centralized Portal: Establishment of a centralized portal to streamline access and improve information convergence for MSMEs.
- Scheme Integration:
- Converging the Scheme of Fund for Regeneration of Traditional Industries (SFURTI) with the Micro and Small Enterprises - Cluster Development Programme (MSE-CDP) to optimize cluster development efforts.
- Creating a coordinated skill development framework across ministries to address overlapping objectives effectively.
- Merging the Procurement and Marketing Scheme (PMS) with International Cooperation (IC) Schemes to boost marketing support and global market access for MSMEs.
- Aligning A Scheme for Promoting Innovation, Rural Industries & Entrepreneurship (ASPIRE) with MSME Innovative for better innovation support.
Caution in Convergence
- Specific schemes like the National Scheduled Caste or Scheduled Tribe (SC/ST) Hub or the North Eastern Region (NER) MSME Promotion Programme should maintain their unique identity to prevent impact dilution.
- Large flagship programs such as the Prime Minister’s Employment Generation Programme (PMEGP) and PM Vishwakarma should remain independent due to their distinct objectives and substantial scale.
